PARTERNITY SCADAL: FCMB Appoints Yemisi Edun as Acting Managing Director

By Shola Akingboye,  6th January 2021

FCMB has appointed Yemisi Edun as acting Managing Director, replacing embattled Adam Nuru. Recall that Mr.

Recalls that nearly 2,000 persons had signed the petition calling on the Central Bank of Nigeria and FCMB to sack Nuru over alleged infidelity with a former employee of the bank Moyo Thomas. Adam Nuru thus proceeded on voluntary leave to allow the bank board investigate the alleged sex scandal involving him and a former staff of the bank, Ms. Moyo Thomas.

In a swift move, the Management and Board of First City Monument Bank (FCMB) Plc, has named an acting Managing Director.

According to an insider source who confided in RegentAfrica Times, the financial giant named Yemisi Edun as the acting Managing Director, in a bid to fill the void left by the embattled former Managing Director, Adam Nuru. over the unethical conduct allegations.

It was earlier reported that the embattled former Managing Director had proceeded on a voluntary leave to ensure sanctity in the review process and mechanism already instituted by the Bank to investigate charges levied against him. This is after the bank had assured customers and stakeholders that it is currently reviewing what transpired.

In lieu of this, the bank announced Yemisi Edun to temporarily fill the void, subject to regulatory approvals, which will be subsequently announced in the coming days.

RegentAfrica Times learnt that until her recent appointment, Yemisi Edun was the immediate past Chief Financial Officer of the Bank, a role she held after serving in various capacities in the bank after joining in 2000.

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Yemisi Edun holds a Bachelor’s degree in Chemistry from the University of Ife, Ile-Ife, and a Master’s degree in International Accounting and Finance from the University of Liverpool, United Kingdom.

She is a Fellow of the Institute of Chartered Accountants of Nigeria and a CFA® Charter holder. She is also an Associate Member of the Chartered Institute of Stockbrokers; an Associate Member of the Institute of Taxation of Nigeria; a Member of Information Systems Audit and Control, U.S.A; and a Certified Information Systems Auditor.

She began her career with Akintola Williams Deloitte (member firm of Deloitte Touché Tohmatsu) in 1987, with the main focus on Corporate Finance activities.

She was also involved in the audit of Banks and Other Financial Institutions. She joined FCMB in the year 2000 as Divisional Head of Internal Audit and Control before assuming the role of Chief Financial Officer of the Bank and now as CEO.

The Bank is, however, yet to notify the Central Bank of Nigeria (CBN) for full approval of the appointment.

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